Company No. Lw86814 (Enoland and Wales) Reelrtertd Char￿¥ No. 241936 FELLOWSHIPOF THE ￿pLE LEAF (THEI IA cornpany ￿mIted by y•rantÈ*l REPORT A14D FIP4APKIAL STATEMEPll5 FOR THE Y£AA ENDED 31 DECEMBEA 2023 FELLOWSHIP OF ThE MAPLE LEAF (THE) coTrirE14TS TRUSTtts' ftepoftT INDEPENDEFIT ÉXAMINERSREPOftT STATEMENT OF FINANCIALA(TIVITIES IINCORPORATIWG INCOME & EXPENDITURE ICCOUNn NCE SHEET NOTes TO THE FINANCIALSTATEMENTS FELLOWSHIP OF THE MAPLE LEAF (THEI TRUSTEES, REPORT The Trustees are pleased tts present their annual repjrt together with the finandal statements for the year endlng 31 December 2023 Iwhich are also prepared to meet the rg]uire1r￿￿ for a directors, report and financial statements for the purp95es ol the Cornpanies Act 2C￿l. OBJECTIVES & ACTMThES Our main objectives can be summarised as ￿$ting thurd*5 in Canada and the United ltingdom to learn Irorn each other In the areas ol mln5stry. ed¥catlon, and social contem and to 8rant indmdual bur5ari*s for study and sharlng of experiences lor CanadiaAS coming to the United Kin8dom and British people gryng to Canada. In settin8 our pro8ramme for making 8rants each year we have regard to both the Charity Commi55lon'$ general 8uldan£e on public benefit and the advancement of reli8ioU5 education for the public benefit. The Trustees always ensure thar the 8rants are made In line with our charitable objects and alms. ACHIEVEMENTS & PERFORMANCÉ Durin8 the year the Board a8reed to make 8TaThts to three UK indmdual applicants and to one Canadian Ind￿ld￿al appllcant. The B¢)ard approvèd the fourth and final annu418raTht to the Vancouver Sthool of Theology Native Minlsiry Consortlum 5UPPOrt ol Its Summer School. li was noted that our ￿lai1￿$h1P wfjttt VST was stron8 and the Board once a8aln approved their application lor a grant to be spread over the next 4 years. The Board also a8reed that it should Investl8ate whether Similar connections las with VSTI could be made with othef Theolo8i¢al trèiniTh8 institutions within Canada. The Board received thanks and very stimulaUn8 reports from redpients of grants awafded. FIPIANCIAL AEVIÉW The charity received tot•1 In¢¢me of £32.05512022.' £30,523) •nd Incurred a wtal of £17,42612022: £25,391) by way of expenditure leavin8 Thet income of £14.62912022.. £5.1321. Incomè compristt dividtnd and interest. from inve5trnents. Expenditure include$ 8iants made totsllifi8 £13.63912022.. £21,610). The fi8Ufts are as shown in the Statemènt of Financlal The Stoternent ol Flnwclal ArtI￿lIeS •150 reflects the net 8•io on h)vestments of £95.739 after a much better year for tht markets12022.' was a net 10s5 of £134.2241. The overall net incrèase in funds was £110.36812022.' ntt detrtase of £129.0921 after taklng into account the 8ain12022- lossl on investments. The Trustees art pltas*d with thts lrnprovtd position a5 they ontlnue to monltor the situarlon. In respect of reserves, Iht Tnjstees a polity of maintaining reserye5 to proted agaln5t ynfore5een fiurtuatlon5 In In¢ome. The policy Is io mabnt•in unrestrirted gtntral funds at a le¥el which would enable the charity to contlnue the provision of servicè5 il its sources ol income were to cease or be delayed si8nificantly in their gayment. The Trustees consider that it is prudent lor th*n to aim to hdd re5er¥es equarin8 to one year's incorne. The Trusiees are satisfied that tht remainlne balance on unre5trirted general funds w?5 Satisfa￿Ory at 31 De¢ember 2023. in line with this policy. STAUCW AE, GOVERNANCE & MAWIGEMENr The charity is a company Iimired by guarantee and as wch has no share capital. It IS 8¢Nemed by its Memorandum and Artlcles of Associatlon. Potential new Trustees are usually recommended to ihe 8oard. sometimes by ar*other Trustèè, sometimes b￿ause potential Trustee has benefitted from a FML 8rant in the past and they have expressed an interest to be invofved, always because the potential Trustee has understandlng of InL1i8enoys rninistry in Canada. A potential Trustee is invited to attené a eoard Meetin8 to 8et a 'fed' for the the 8oard ¢2perates and then, rf appfoprlate, aA appoifitmtnt would be made at the next AGM. FELLOWSHIP OF THE MAPLE LEAF (ThEI TRUST£ES' REPORT ICONTDI ADMINISTRATWE DETAIiS Charrty number Company numbèr Re8lstered office Trumees 241936 c￿286814 IEr*land and Wales) TheVicara8e, IB Churth Road, London. N6 4QH ftevd Orjxob B•ldtr Revd Dr Ellen aark-Kv Aevd DrJ*nnifer Cooptr Revd lan Edgar Revd Browen Edwards Aevd Christine Hall Thnvjthy Mil Mrs Margaret Moves Vtry Revd Andrew Nunn Revd Canon Michael Smith Irtti8ned 21 March 20231 Rt Revd MarkTaNn•r Irt5i8n*d 12 May 20231 Revd Tlmothy Miller company￿r•fary TAUSTEES. RESPONSIèILmÉs The Trustees (who are a150 thè Dirtrt¢Ys of the tharitable CLYnpany tor the purp05e5 of company lawl are fesponslble for preparing a Trustee5' annual report and financial statements in accordance with aP￿1¢1b1• law and united Kln8dom countiw Standard5 (United Kingdorn General￿AC￿pIed Ac¢ountln8 Practicel. Company law rtgulTe5 th* charltable company TNstees to prepare fiftanclal stsiements for eath flTh•nclal year whlch 8fve true and lair view of the state ol aff•lrs of the chariiable £omp•ny and of its incomin8 resources and èpplitation of re50urce5, intludin8 the ifttome and expendlture of the th•rft•ble ¢ompany for thai per6od. In preparln8 the financlal ststèmènts the Trustees are ￿quIre FELLOWSHIP OF THE MAPLE LEAF IThEI TRUSTEES, REPORT ICONTDI TRUSTEES, RESPONSIBIL￿lES lTr)panitsAd 2(K6. TheTrustees acknowleil8e thdr responybilit￿s for. lal en5urin8 that the Charrf